Andreessen Marc L 4

What Happened
Marc Andreessen, a director of Coinbase (COIN), had restricted stock units (RSUs) that became fully vested on June 16, 2026. The Form 4 shows: 2,303 RSUs were recorded as an award/acquisition (A) at $0.00 per share, and there were conversion/exercise entries (M) for 1,150 shares acquired and 1,150 shares disposed (each at $0.00). Net effect per the filing: +2,303 shares resulting from the RSU vesting/conversion.

Key Details

• Transaction date: June 16, 2026 (reported on Form 4 filed June 18, 2026) — filing appears timely.
• Reported transactions: 2,303 RSUs vested/awarded (A) at $0.00; 1,150 shares converted/exercised (M) acquired at $0.00 and 1,150 shares converted/exercised (M) disposed at $0.00.
• Net change in beneficial ownership from these entries: +2,303 shares.
• Footnotes of note:
  • F1/F7: These RSUs were previously granted and became fully vested on June 16, 2026.
  • F4: Each RSU equals the contingent right to one share of Class A common stock.
  • F2/F3: Some securities are held of record by the LAMA Community Trust and AD Holdings, LLC; the reporting person disclaims group ownership and disclaims beneficial ownership of securities held by AD Holdings except to the extent of any pecuniary interest.
• No 10b5-1 plan, tax-withholding details, or late filing flag are indicated in the provided summary.

Context
This filing reflects RSU vesting and related derivative conversions rather than an open-market purchase or a cash sale. The conversion/exercise entries that show both acquired and disposed shares (1,150 each) were recorded at $0.00 per the Form 4; the filing does not state proceeds or market-sale details. For exact post-transaction holdings and any additional context (e.g., tax withholding or internal transfers), consult the full Form 4 filing.